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Dec 24, 2012
12/12
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they continue to focus on the fiscal cliff. more americans are getting a better handle on their debt. the "wall street journal" reports u.s. households spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the lines consumers had to buy the things in the first place. that is the latest from the fox business network. giving you the power to prosper. ♪ lori: how has the franchise industry than coping with the fiscal uncertainty coming out of washington? joining us now is nick powell. welcome. >> thank you. thank you for having me. lori: i have to imagine this is probably one of the most difficult times. what do you think? >> well, it is obviously dependent on the way you look at the statistics. i think it is a great opportunity to get into the franchise m
they continue to focus on the fiscal cliff. more americans are getting a better handle on their debt. the "wall street journal" reports u.s. households spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the...
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Jan 1, 2013
01/13
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the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox team coverage. chief washington correspondent ed henry looks at the president's next move. chief congre
the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it...
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Dec 30, 2012
12/12
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the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can have -- instead of a fiscal cliff, a gradual slope so that, like a skier on a bunny slope, our economy -- which is fragile -- will continue to accelterate. then, what has to be done, is step back, as brad noted and say that simpson-bowles gave us a good outline. $1 of revenue for every $2 of tax cuts. we have to have the political courage in washington, d.c. to make this work for americans? >> how come we don't have that political courage? >> well, i don't know. you know, my take is that having been in the navy, the thing we most
the first step is the fiscal cliff. if we take $700 billion out of our economy over the next year, our gross domestic product will grind do a halt. we will have zero growth next year, which means a recession. what they have to do now, i know it's ridiculous, but over the next few dayings, get that down to about $100 to $200 billion. brad's spot on. we cannot afford these crazy cuts across the defense and domestic programs at this particular time. if we can get it below $200 billion, then we can...
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Dec 27, 2012
12/12
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>> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and import, eric. about $100 billion or more comes in and out where you have to have these strikes. co it is very devastating and could reverberate throughout thees country. food distributors, everybody would be affected by this strike if it goesrd forward. eric: what do the unions want and what is management willing to do, how far apart are these two groups? >> normally in a dispute with the unions it is about wages and benefits in this case it is not. what the unions are objecting to with reports i have been seeingu is new work rules a
>> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and...
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Dec 27, 2012
12/12
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gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent,
gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right...
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Dec 31, 2012
12/12
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also tonight, say the words with me here, fiscal cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. i want to bring in cnn's chief medical correspondent, dr. sanjay gupta. she was just cleared to return to work this week, and now this. >> first of all, there are a couple things that are important. admittedly, the details are vague, don. it sounds like she went in for a routine exam, they found a clot, a blood clot, they did not specify where this clot was located. she's hospitalized on blood thinners, anti-coagulants, as you mentioned. these are important points. from a medical perspective, first of all, finding this on a routine exam means that she didn't go in for some particular new problem or concern. and the fact that
also tonight, say the words with me here, fiscal cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. i want to bring in cnn's chief medical...
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Dec 24, 2012
12/12
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dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december 24th. there are kids running around here. it's a very random day on wall street. the traders will get together and sing the traditional song which represents hope back in the early 1900s. some names are weighing heavily here on the major averages. a couple names squeezing out gains like alcoa and home depot. let's take a look at the retailer jc penney. you do see it doing particularly well here. oppenheimer has talked about the fact that there's traffic. there's people going int
dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see...
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Dec 27, 2012
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cliff is not the fiscal cliff. it should be really called returning to the clinton era tax rates, which isn't that the democrats dream to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists? who is afraid to move? it's my ideology, i can't negotiate. and even if we go off the cliff we endanger the whole economy. >> again, the idea of add hearing to a princip
cliff is not the fiscal cliff. it should be really called returning to the clinton era tax rates, which isn't that the democrats dream to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >>...
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Dec 28, 2012
12/12
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this is a real issue, this fiscal cliff. liz: ceos and c f os have been looking better and so is wall street. goldman sachs the double warning that companies got to watch out for but these other companies that are heard by the fiscal cliff, a is not just defense contractors but health care companies, those are not just the guys hit by the medical device tax. other healthcare companies as well and environmental companies such as waste management and republicans industries. these are the company's that get 50% or more of their sales from government contracts. when you see spending cuts coming you can imagine they will have to be dialing back on their own capital investment. adam: we are talking about cuts right now but then we have tax hikes. people have less money immediately. some of these will play out over the next few months. people who might lose their jobs won't lose immediately but all of us have less many come january 1st to spend and as we spend less money there are a bunch of companies not on that list, retailers, t
this is a real issue, this fiscal cliff. liz: ceos and c f os have been looking better and so is wall street. goldman sachs the double warning that companies got to watch out for but these other companies that are heard by the fiscal cliff, a is not just defense contractors but health care companies, those are not just the guys hit by the medical device tax. other healthcare companies as well and environmental companies such as waste management and republicans industries. these are the...
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Dec 30, 2012
12/12
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the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch mcconnell seem to be backchanneling and got a constructive relationship in the past, this is great but this is all being done piecemeal and that fact shouldn't give anybody a great deal of confidence it is pathetic we are here at this hour facing the fiscal cliff. >> that's the point i wanted to raise with you. you obviously have followed congress. you know how all this inside trading works, so to speak. does it feel like the wheels are coming off that we are now off the script, that this is totally in territory we had not anticipated we would be at? >>
the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch...
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Jan 1, 2013
01/13
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is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right in front of that crystal ball, my friends and colleagues, megyn kelly and bill hemmer. hi, guys. >> hey, bret. it's new year's eve. >> bret: how are you? >> we are doing fine. i think these are one of the many days, bret, no offense, we are thankful we live in new york city and not washington, d.c. >> did you draw the short straw or what, brother? >> bret: , we did a special report and thought this is great. we will do a live 8:00 p.m. and be all set and then. >> go home with the kids and hang out with the wife, you know. >> i
is going over the fiscal cliff. the real question now is whether washington can get its act together before the economy takes a hit and whether washington and lawmakers can somehow hold that off. the votes we don't know how they will come down and whether they will come down tonight in the senate or tomorrow in the house. but, tonight is also new year's eve. we are an hour and 15 minutes and 30 some seconds from the big crystal ball in times square and there you see it dropping down. and right...
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Dec 29, 2012
12/12
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cliff, you've heard about that fiscal cliff by now -- this year's new year's eve will be a countdown to financial pain for many families all across the country. tax hikes mean nearly all americans will see less money in their paychecks. while the government will have to slash spending across the board with the military taking a hard hit. but economic news for 2013 apparently may be not all bad and some analysts say there are reasons to be optimistic. so let's bring in financial advisor carolyn castleberry. thank you for joining us. we could all use some good news. hopefully you're here to bring that. >> i will try. it doesn't seem like happy new year and fiscal cliff go in the same sentence. >> heather: it really doesn't. you know, we talked about the recession, it began five years ago, reportedly ended -- reportedly more than three years ago. yet 12 million americans looking for work. families have been drowning in mortgage debt for years on end. why should we feel optimistic about 2013? >> it's interesting, i was talking to some people today and they say the fiscal cliff for them s
cliff, you've heard about that fiscal cliff by now -- this year's new year's eve will be a countdown to financial pain for many families all across the country. tax hikes mean nearly all americans will see less money in their paychecks. while the government will have to slash spending across the board with the military taking a hard hit. but economic news for 2013 apparently may be not all bad and some analysts say there are reasons to be optimistic. so let's bring in financial advisor carolyn...
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Dec 26, 2012
12/12
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both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so at the end of the day they can stab you. republicans are going what just happened? i just got stabbed. that is what they do for a living. they're good at politics. >> eric: president obama said according to the "wall street journal" on thursday, boehner offered $800 billion in revenue increases. president obama said those don't count. those are mine. what is up with that? just o >> juan: obviously what the president is talking about is three times that for revenue increases. we'll give you a third of that. you know what? you have to count this as something we give you to negotiate w
both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so...
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Dec 27, 2012
12/12
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can we go over the fiscal cliff and not causing a recession? >> well, i think some people believe -- and i would argue that i think it is likely, president obama want the school to the fiscal cliff. gerri: i did hr you say that. why would you say that? >> because the next four years will be amess. a trillion dollars on higher taxes for obamacare, continued overspending because the president has refused to do any restraint spending, no entitlement reform, no trimming of spending. and the regulatory regime. the regulations that the obama people spent four years wriing. they have decided not to share them with us before the president got reelected. once his job was secure, he no longer had to care or pretend to care about your job. so now you have hundreds of billions of dollars of new regulations. maybe even more expensive than spending. gerri: i have to ask you this question. people talk to me about this all the me in new york city. they say higher taxes are grover norquist fault. he has not come to the table or been willing to negotiate. he is
can we go over the fiscal cliff and not causing a recession? >> well, i think some people believe -- and i would argue that i think it is likely, president obama want the school to the fiscal cliff. gerri: i did hr you say that. why would you say that? >> because the next four years will be amess. a trillion dollars on higher taxes for obamacare, continued overspending because the president has refused to do any restraint spending, no entitlement reform, no trimming of spending. and...
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Dec 27, 2012
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if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a new rule in congress that, look, you cannot create any more artificial crises if you can't actually resolve them. it's not fair to people to go and, you know, create all this panic if you can't save, you know, the situation. democrats are in a better spot after january 1st. everyone has known that. republicans have predicted, democrats have predicted it, they're going to pass 250, boehner will be reelected speaker, then he has to figure out how to rule the next two years. >>> ryan, joann, thanks for being with us. >>> we'll be right back. new years clutter is no match for someone with big ideas. with a
if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very clear from the time that the super commit ee set its deadlines and the fact that the bush tax cuts were expiring, all this stuff was coming together. we saw this coming at least a year and a half away. it wasn't entirely clear whether or not they could come to some type of agreement, but it was quite possibly they wouldn't. there ought to be a...
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Dec 27, 2012
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both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so at the end of the day they can stab you. republicans are going what just happened? i just got stabbed. that is what they do for a living. they're good at politics. >> eric: president obama said according to the "wall street journal" on thursday, boehner offered $800 billion in revenue increases. president obama said those don't count. those are mine. what is up with that? just o >> juan: obviously what the president is talking about is three times that for revenue increases. we'll give you a third of that. you know what? you have to count this as something we give you to negotiate w
both options going over the fiscal cliff and not going over the fiscal cliff are losers. that leads to a big lie. when this was made it was supposed to be bad for both sides. remember, high taxes and democrat sweet 16 party. they love that stuff saming that to dems is saying i don't know sardines and mill sack bad for cats. they love this. that shows how democrats crank the republicans. the democrats are so good at politics. politics to them is like inmates making shivs. they do it all day. so...
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Dec 30, 2012
12/12
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keep those pictures coming. >>> fiscal cliff, debt, and egos. how much of what is going on in washington is about what's right versus who's right? one doctor has some suggestions for the decision-makers. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. ...and now... you! [ giggles ] ♪ the one and only, cheerios your doctor will sa
keep those pictures coming. >>> fiscal cliff, debt, and egos. how much of what is going on in washington is about what's right versus who's right? one doctor has some suggestions for the decision-makers. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you...
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Dec 28, 2012
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i do begrudge what he's done in this fiscal cliff talks. it's been very clear from the beginning that he had no intention to solve the fiscal issues. he's been using this, and i must say with great skill and ruthless skill and success, to fracture and basically shatter the republican opposition. the only, you know, redoubt of the opposition is the house. and his objective from the very beginning was to break the will of the republicans in the house and to create an internal civil war and he's done that. how did he do it? from also insisting from day one after the election that the republicans had to raise rates. there's no reason at all to get the revenue that he needed and that the speaker was offering him that you had to raise rates. obama himself, as you know, said last july, july, 2011, you can get $1.2 trillion by eliminating loopholes, which is exactly what republicans offered him. so why did he insist on the rates? he said that is what he will insist upon, and that was the ultimatum. he did that because he knew it would create a cris
i do begrudge what he's done in this fiscal cliff talks. it's been very clear from the beginning that he had no intention to solve the fiscal issues. he's been using this, and i must say with great skill and ruthless skill and success, to fracture and basically shatter the republican opposition. the only, you know, redoubt of the opposition is the house. and his objective from the very beginning was to break the will of the republicans in the house and to create an internal civil war and he's...
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Jan 1, 2013
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included on the list, fiscal cliff, spoiler alert. i have not said yolo, the acronym meaning you only live once. the ugly: over 200 p
included on the list, fiscal cliff, spoiler alert. i have not said yolo, the acronym meaning you only live once. the ugly: over 200 p
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Dec 28, 2012
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there's the fiscal cliff. got to be the most recent of the big points in politics for 2012. >> absolutely. that shows just how fleeting a victory is in this town. president obama won a stronger than predicted victory. he basically got every state that was seen as being open up for play, up for grabs. he won them all. he won ohio. he won virginia, he won fa fla. he campaigned largely on this issue of middle-class tax cuts, fairness for the middle class, give the middle class a chance. he saw his win as a validation of the strategy, this philosophy that he ran on, but now we've country to a political reality in washington, total gridlock. the republicans do not agree his victory means the american people endorsed his vision for the wealthy paying more. so far that's not been enough to carry him to the victory. >> when it comes to politics, 2012, a big one for you and me and everyone else. appreciate it, rachel smolkin. >> thank you very much. >>> thomas roberts is up next. good friday. >>> good friday. hi, every
there's the fiscal cliff. got to be the most recent of the big points in politics for 2012. >> absolutely. that shows just how fleeting a victory is in this town. president obama won a stronger than predicted victory. he basically got every state that was seen as being open up for play, up for grabs. he won them all. he won ohio. he won virginia, he won fa fla. he campaigned largely on this issue of middle-class tax cuts, fairness for the middle class, give the middle class a chance. he...
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Dec 30, 2012
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 27, 2012
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if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income levelcross the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearing and i believe myself is that if -- you know, we're right back down to the law. all plunder and none plder but to insisthat only a few should pay is unfair. there's no guarantee wealthy people will keep money in this country. if we have a bloated government, everyone should feel the pitch. half of the country reelected barack obama and that's the half that will find out how much government costs. >> it seems that's where we're headed. can president obama come pack -- back and fix this fiscal cliff? >> no,e's decided he's not going to cut anything, anywhere. it's not a discussion. john boehner put the ball back in his court saying i'll ease up on taxes and he's not willing to cut significant spending. >> thank you very much. >>> fair and balanced. democratic congressman gregory meeks joins me live in the st
if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income levelcross the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearing and i believe myself is that if -- you know, we're right back down to the law. all plunder and none plder but to insisthat only a few should pay is unfair. there's no guarantee wealthy people will keep money in this country. if we have a...
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Dec 24, 2012
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ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for t
ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington...
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Dec 26, 2012
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for a body in motion. >> forget the fiscal cliff. how about a container cliff and what it may do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a deal they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about w
for a body in motion. >> forget the fiscal cliff. how about a container cliff and what it may do to the economy. time's running short and a standoff between long shoreman union workers and companies could cripple the nation. unless they reach a deal they plan to strike this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used...
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Jan 1, 2013
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we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is protecting middle class families. >> this suhouldn't be the model for how we do things. but we can say we've done some good for the country. >> bush era tax cuts will remain in place for individuals earning less than 400,000, couples earning less than 450,000. unemployment benefits for 2 million americans would be extended for a year. the alternative minimum tax perma
we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600...
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Dec 31, 2012
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>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000
>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has...
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Dec 26, 2012
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there is trepidation about the fiscal cliff. people know if there is not an answer here to the fiscal cliff, they are going to likely see an increase automatically to their withholding on their paychecks and taxes are likely to go up. people may have been a little more frugal going into the holidays. on top of that, you have unusual issues. it is still a concern. on the flip side, there is a big day of people bringing returns. the mall here according to the people who work at the mall is as busy as it was the days before christmas. you will see that at a lot of places. people bringing items back and what's interesting is retailers have made it a little bit more complicated this year to return items in part because when you return those items, they want you to take the money that you got and spend it on something else. it's a slow process and another problem of course is this one caught me by surprise. $2 billion worth of merchandise will be returned fraudulently. that means that somebody by and large stole something from the sto
there is trepidation about the fiscal cliff. people know if there is not an answer here to the fiscal cliff, they are going to likely see an increase automatically to their withholding on their paychecks and taxes are likely to go up. people may have been a little more frugal going into the holidays. on top of that, you have unusual issues. it is still a concern. on the flip side, there is a big day of people bringing returns. the mall here according to the people who work at the mall is as...
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well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just hours ago, there is now a deal in place that could cushion that blow. here's what happened while you were sleeping. or sipping champagne or doing something else. on eleventh hour agreement crafted by vice president joe biden and mitch mcconnell in the senate has been passed by the senate by a margin of 89-8. that vote just took place a couple hours ago. now, it's up to the republican-controlled house to take up that plan later this morning, and that is where it gets very interesting. if the house approves, and it's a big if, the deal would generate an estimated $600 billion in new revenues over t
well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just...
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we keep talking about the so-called fiscal cliff. there are consequences for inaction if that countdown clock gets to zero and there's no deal and no deal has been reached. >> jonathan, thank you. to your point, it's remarkable to me that what we're debating is exactly what we were debating six months ago. it's not as though something has happened recently. this is the debate we've been having or the debate we haven't been having making it all the more remarkable that we have a countdown clock for it. thank you. >> that's right. >> a deal on the fiscal cliff may be at hand, but there's still a lot to do, and not a lot of time to do it. delaware democratic senator chris kuhns. thank you for taking the time. i want to talk about something first that your colleague tom hashi harken said on the senate floor. let's come back and talk about it. >> it looks like all of the taxes will be made permanent, but all of the other things that the middle class and america really depends on. one year or two years at the most, but the tax system is ma
we keep talking about the so-called fiscal cliff. there are consequences for inaction if that countdown clock gets to zero and there's no deal and no deal has been reached. >> jonathan, thank you. to your point, it's remarkable to me that what we're debating is exactly what we were debating six months ago. it's not as though something has happened recently. this is the debate we've been having or the debate we haven't been having making it all the more remarkable that we have a countdown...
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. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year won't -- and something that hasn't talked too much is it would make permanent the child tax credit, the marriage penalty relief, the amt relief, things that middle-class families need to continue. all of that will go you have if we don't do something by the end of the year. >> are you hearing from leadership it will be taken up, something does need to cobble together? >> i know our leader are trying. >>> what about vice president biden, you worked with him for 15 years. he and biden worked very well together in the fiscal negotiations last time. should you bring in biden into the conversat
. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year...
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it could be part any of fiscal cliff biel. it's being held up by republicans in the house upon are they concerned that they'll be seen as the amt party? >> this is crazy. we renewed the foreign bill every five years and there'sa i lot of back and forth on this. that i can get this done. let me go back to something, craig, that we talked about a minute ago. the republicans have backed themselves into a corner where now they'll only bring something up if they had 218 votes on their own side and that means they won't negotiate on the democrats and they will have to produce votes on both sides of the aisle and that is very hard to do and when i was in congress during the '90s we had very interesting bipartisan votes and we had two resolutions authorizing the use of troops in iraq and one with bush xli and the other with bush xliii and we passed nafta on the bipartisan basis and trade relations with china on a bipartisan basis, and i'm sorry, i can't accept this business about how the economy is so terrible and we have to act bipar
it could be part any of fiscal cliff biel. it's being held up by republicans in the house upon are they concerned that they'll be seen as the amt party? >> this is crazy. we renewed the foreign bill every five years and there'sa i lot of back and forth on this. that i can get this done. let me go back to something, craig, that we talked about a minute ago. the republicans have backed themselves into a corner where now they'll only bring something up if they had 218 votes on their own side...
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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>> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden there will be a payroll in tax increases in terms of what people have to pay whether it's estimated taxes or if your payroll, all these things will make it more difficult. we'll watch declining effort. this is not the same level as what the euro crisis is. the euro crisis is something that's not in the european's control as much as they'd like. it's in the control of congress, in control of the president. this is something we can fix if we want to. we have to get the political will and financial will to do so. >> but you mention the euro crisis and we're not there yet, but the big question is, can we get there? >> if this goes on until the end of the year, the end
>> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden there will be a payroll in tax increases in terms of what people have to pay...
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they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> there's a lot going on this last friday of 2012. here's some of the things we thought you should know. tributes continue to come in for general norman schwarzkopf and nick nated stormin' norman for that legendary temper. he died yesterday in tampa of complications of pneumonia. he's credited for the plan that drove saddam hussein's forces out of kuwait during the first gulf war. president obama said in part, quote, we have lost an american original. general schwarzkopf stood fall for the co
they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100...
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. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint. >> please, an all star line up of fox talent including maria molina and what would new year's eve westbound out our guy? 11,000 babies will be born on new year's eve. think about that. what a great birthday. hopefully on the ground that, is not where greg gut feld will find himself tonight. happy new year to you. >> happy new year. 11,000 babies that will all look like bob beckel. scary. don't you think? >> scary. >> i'm seeing a lot of famous people. i thought i saw pierce morgan. it was a discarded lampe. my mistake. very questions i want to skt crowd. how are you doing sni want to ask you. what is confetti made out of? >> i don't know. >> it's
. >> and you probably sensed we weren't going to see the fiscal cliff. >> i didn't say fiscal cliff. >> that was a reverence to the cliff. >> the word fiscal and cliff did not emerge from my lips. >> and in tonight's show we're going to have pat benetar. >> you're going to love her, and a million dollar performance behind us, one of the greatest musical events of all time. >> do you know what that is? >> the king is here. >> that is a hint....
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tonight's question, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house will they reconvene before january? they have a lot of stuff to do, so clearly they can't make it back to d.c. to do the people's business. >> as you said a few minutes ago, we have been assured we would be given at least 48 hours notice before we would have to come back, that means right now, is that probably the earliest we will come back is saturday morning. that would only leave saturday and sunday to get anything done, because i doubt that the house will be in session on new year's eve. i doubt it. >> right. >> basically what you're talking about right now, we have two days. this has been a game that's been played on this. this plan b that mr. boehner put forth was everybody knew it wasn't going anywhere. and sadly
tonight's question, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house will they reconvene before january? they have a lot of stuff to do, so clearly they can't make it back to d.c. to do the people's...
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to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he spoke to top democrats and republicans and no negotiation meetings have been set. at least not formally or public limit there's nothing set yet between all the sides to discuss this. the president's back in washington after he cut short vacation to get back to the white house for possible last minute fiscal cliff talks leaving his wife and daughters in hawaii. the vice president is scheduled to be here today for meetings. don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the
to avoid the looming fiscal cliff. with five days until major spending cuts kick in and taxes go up on everybody, the white house says president obama made separate phone calls to the senate leaders, harry reid, and john boehner. that was last night before the president took air force one from hawaii to washington. molly is live for us at the white house. update us on the next move from the obama administration. >> despite the phone calls that the president made before he left hawaii, he...
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why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could be reached. he's counting on the sen if we l cliff because john boehner, the speaker of the house of representatives wasn't able to get the republicans to get the republicans to support a plan b. >> here is the rub, may i go? here is the rub. >> please. >> boehner knows how to negotiate and took on bowles plan, simpson bowles, he took on part of their plan, his first proposal. his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> no
why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could...
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would you vote for that as an alternative to going over the fiscal cliff? >> i would have voted just to extend the tax cuts for 99.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell which does raise the question, whatever procedural and constitutional issues, which are profound. are you concerned as a republican, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course th
would you vote for that as an alternative to going over the fiscal cliff? >> i would have voted just to extend the tax cuts for 99.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should...
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fiscal cliff. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> secretary of state hillary clinton is still in the new york hospital this morning being treated for a blood clot. the state department says that clot was apparently caused by her recent concussion after a fall when she had a stomach virus. i'm joined by a hematologist with case hospital. good morning. >> good morning. >> thank you for being with us. two weeks ago we learned that secretary clinton had sustained a concussion after fainting because of dehydration she developed from a stomach virus. is it common for a concussion like that to lead to blood clot? what are the dangers? >> first of all, we don't have any information on secretary clinton's condition, so anything i'm a
fiscal cliff. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> secretary of state hillary clinton is still in the new york hospital this morning being treated for a blood clot. the state...
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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Dec 30, 2012
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mitch mcconnell is asking vice president joe biden to get involved fiscal cliff talks. taxes on every american worker will go up if a deal is not reached. >> a judge ordered a psychiatric evaluation on a woman suspected of shoving a man to his death off a subway platform. >>> a fifth victim dies following a plane crash in moscow. investigators are trying to determine what caused it. >>> the senate has approved a $60.4 billion recovery package for areas hit by superstorm sandy. the bill heads to the house where the prospect for passing are no sure thing. moll y what's the holdup? the price tag. some house republicans say it's too steep and not offset by spending cuts. one south carolina republican congressman says he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending someplace else to pay for this, do we ever hope to balance or budget? >>
mitch mcconnell is asking vice president joe biden to get involved fiscal cliff talks. taxes on every american worker will go up if a deal is not reached. >> a judge ordered a psychiatric evaluation on a woman suspected of shoving a man to his death off a subway platform. >>> a fifth victim dies following a plane crash in moscow. investigators are trying to determine what caused it. >>> the senate has approved a $60.4 billion recovery package for areas hit by superstorm...